Cheap Apartments for Rent in Evansville, IN from $400 (98 Rentals)

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Search the lowest-cost Apartments available for rent right now in Evansville.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 101 SE 2nd St

101 SE 2nd St

EvansvilleIN47708

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Evansville, IN Local Guide

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Cheapest Neighborhoods for Apartments in Evansville, IN

Pricing Updated: 10/25/2025

Current apartment rentals in the Evansville, IN area range in price from $550 to $4,800 with an overall median price of $2,110. The three Evansville neighborhoods with the lowest median rent pricing are North Country Club at $1,125, Poplar Grove at $650, and Jeannette at $950. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Evansville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North Country Club$1,125$1,1251
Poplar Grove$1,200$6509
Jeannette$1,400$9505
Kathleen Jeannette$1,400$79525
Hilltop$1,450$8006
Eastview$1,497$59534
Outer West$1,500$65012
Rolling Greens$1,559$80024
Hoosier Cullen$1,569$80025
ACT$1,595$59538

Cheapest Available Evansville Apartments for Rent

 

The cheapest available apartment rental in Evansville, IN is a Studio unit found at Fielding Court in the Lant Manor neighborhood priced from $600. Embassy Apartments in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $635. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fielding CourtStudio (Water & Trash included)Studio,1BA$600
Embassy Apartments0.1Studio,1BA$635
SPRING VALLEY FLATSThe Redbud1BR,1BA$695
Addison PlaceWindsor1BR,1BA$699
Princeton Court1 Bed 1 Bath1BR,1BA$710
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$715
Fairway Plaza2 Bedroom2BR,1BA$715
WedgewoodTwo Bedroom2BR,1BA$715

Best Value Apartments for Rent in Evansville, IN

As of October 25, 2025 the best value apartment in the Evansville area is the $0.50 price per square foot 4BR/2BA - Furnished Model at Eagle Village - Historical Access in the in the Evansville West Side neighborhood starting from $600. The second greatest value Evansville apartment is the Two Bedroom Model at Wedgewood starting at $715 with a $0.60 price per square foot in the Lincoln-Bellemeade neighborhood. Here is today’s list of the best values for Evansville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.50
WedgewoodTwo Bedroom2BR,1.5BA$0.60
1635 S Green River Rd, Unit 16351635 S Green River Rd1BR,1BA$0.70
The Rathbone Apartments2 Bedroom Unfurnished2BR,1BA$1.07
Indian WoodsThe Oak2BR,1BA$1.10
North ParkHarrington2BR,1BA$1.02
1619 S Green River Rd, Unit 16191619 S Green River Rd2BR,1BA$1.05
Fairway Plaza2 Bedroom2BR,1BA$0.79
Colonial Manor Apartments2x1 R2BR,1BA$1.05
2175 E Columbia St, Unit 21912175 E Columbia St1BR,1BA$1.08

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Evansville Overview

Evansville, Indiana is one of the most unique and culturally diverse cities on the map. Located along the Ohio River, this port town is a commercial and cultural hub, serving neighboring states for over 80 years. Boasting a population of just under 120,000 people, Evansville has everything a large city could offer, without losing that small town feel. Plenty of options in affordable Evansville apartments available to locals makes this a popular midwest destination.

Why live in Evansville, IN?

Whether you’re in the mood for jazz, rock, hip-hop, or news/talk, there is always something on the airwaves to please your ears. Courier & Press, part of the USA Today network, is the official newspaper and is always there to serve your local and national news needs.

Evansville, IN
Population: 117,963

Ranked #242

in US Census Population by City

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Best Local Schools in
Evansville, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Evansville, IN Rentals by Map

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See the most popular apartments and homes in Evansville, IN

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Getting Around Evansville, IN

Walk Score®

43 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Evansville, IN Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Frequently Asked Questions about Cheap Evansville Apartments

What is the Cheapest Studio apartment in Evansville?

Currently the most affordable Cheap Studio Apartment in Evansville is at Fielding Court listed at $600.

How much is rent for a Cheap One Bedroom Evansville Apartment?

The lowest price for a Cheap One Bedroom Evansville Apartment is $695 at SPRING VALLEY FLATS.

What is the lowest price for a Cheap Two Bedroom Evansville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Evansville is starting from $715 at Fairway Plaza.

What is the most affordable Evansville Three Bedroom Apartment?

The best deal on a cheap Evansville Three Bedroom Apartment rental is at Lakewood Flats and starts from $1,150.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.